Microsemi buys Symmetricon for $230m
Microsemi has agreed to buy Symmetricon, a US based developer of timing and frequency components, for $230million.
Headquartered in San Jose, California, Symmetricom offers a range of timekeeping technologies and solutions for data, voice, mobile and video networks and services.
It also provides timekeeping in GPS satellites, national time references and national power grids, as well as in critical military and civilian networks.
"The acquisition of Symmetricom will create the largest and most complete timing portfolio in the industry today," claimed Microsemi's president and ceo James Peterson, pictured. "From source to synchronisation to distribution, Microsemi will offer an end to end timing solution for an expanded range of markets, driving increased dollar content opportunity and revenue growth."
